Federal Tax Law and Regulation Update for Return Preparers

Anticipating Issues Affecting Individual Taxpayers Such as Tax Cut Phase-Outs and Expansions of FICA and Medicare Taxes

Recording of a 110-minute webinar with Q&A

Conducted on Monday, November 19, 2012

Recorded event now available

or call 1-800-926-7926
Course Materials

This teleconference will update tax return preparers on new or revised federal tax laws that impact individual income tax returns.

Description

Federal tax law, and IRS regulations and guidance, concerning the individual income tax are constantly shifting and requires careful monitoring by return preparers. One prominent example lies in whether Congress will let the Bush tax cuts expire on schedule at the end of 2012 or extend them again.

Also, preparers will deal with expanded FICA payroll and Medicare taxes on higher-income taxpayers and will face various IRS revenue procedures and letter rulings that directly affect individual returns. Tax preparers must be familiar with the bottom line of all available guidance.

Listen as our instructors update you on changes in federal tax law and regulations that you must track to do a quality job for your individual return preparation clients.

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Outline

  1. Taxes and tax rates
    1. Status of Bush tax cuts
    2. Scheduled expansion of FICA and Medicare taxes on higher-income taxpayers
  2. Approved congressional bills
  3. IRS regulations and guidance
  4. Federal court decisions with impact on individual returns

Benefits

The panel will review these and other key questions:

  • Status of, and outlook for, tax cuts, extensions and rate increases that affect individual taxpayers.
  • Material terms of recent IRS regulations and guidance that are important to return preparation.
  • Bottom line of federal court decisions that affect tax return preparation.

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Allison Tilton
Allison Tilton
Atty
Reid & Hellyer

She is assigned to the firm's Tax Law and Litigation Groups, working on both federal and state tax matters.

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Jesica Speer
Jesica Speer
Tax Manager
Grant Thornton

She works primarily with closely held businesses and their owners on personalized tax savings strategies, technical...  |  Read More

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